Press Releases

ASSOCHAM applauds RBI for loan Restructuring Framework; expects liberal norms from K.V. Kamath Committee

Thursday, 06 August, 2020

New Delhi, 06th August 2020: Complementing the RBI for announcing a Restructuring Framework for the stressed loans, the ASSOCHAM today said it expects the K.V. Kamath Committee to come up with liberal financial parameters and benchmarks for loan revamp eligibility.

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Factoring and Discounting of Bills would help ease Industry’s liquidity issues

Wednesday, 05 August, 2020

Factoring and Discounting of Bills would help ease Industry’s liquidity issues

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RBI - MPC Meet: ASSOCHAM seeks across the board bank loan restructuring; says kicking the can argument sans merit

Tuesday, 04 August, 2020

New Delhi, 04th August 2020: As the Monetary Policy Committee of the Reserve Bank of India started its deliberations, the ASSOCHAM has made out a strong case before the MPC, to consider rescheduling of bank loans across the board without making it rigid and conditional.

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Industry must give ‘candid opinion’ for protecting small traders’ interests in new policies for industry, e-commerce & logistics to be announced shortly: Som Parkash

Friday, 31 July, 2020

New Delhi, 31st July 2020: With the Union Government in the process of making new industrial policy together with e-commerce and logistics policies, it is inviting ‘candid and frank opinion’ from the industry on how to protect the interests of 5-7 crore small traders and make Prime Minister’s clarion call for self-reliant India successful, minister of state for commerce and industry, Mr Som Parkash said in an ASSOCHAM virtual summit today.

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Regulatory architecture needed for progression of valuation profession: IBBI official

Thursday, 30 July, 2020

New Delhi, 30th July 2020: There is a need for uniform structure of qualification, entry norms, experience, some sort of model code of conduct, penal consequences, inspection, monitoring, regulation, development and others have to be there for the valuation profession to be accepted in the society and for them to place trust in the profession, a top official said at an ASSOCHAM event.

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Few takers for bank loans, credit deployment runs minus in most sectors; ASSOCHAM expects RBI - MPC to brainstorm

Tuesday, 28 July, 2020

New Delhi, 28th July 2020: Reeling under debt-ridden balance sheets and economic uncertainties in the face of Covid-19 crisis, the Indian industry is left with little appetite for anymore loans, with the result that most of bank deposits are either being parked with the RBI or used by the central bank to fund ever-increasing government borrowings, the ASSOCHAM has noted.

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Government initiatives will provide growth momentum next year

Saturday, 25 July, 2020

New Delhi, 25th July 2020: Most of the measures taken by the government in this financial year will definitely show results and drive the country to have at least a 6 percent growth rate in the FY22 stated various economists and industry leaders at the Webinar organized by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) titled- "Economic Outlook: Post Pandemic”.

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CBIC notification about e-invoice schema and mandatory e-invoicing for businesses with turnover of Rs 500 crore or more by next week: Official

Thursday, 23 July, 2020

New Delhi, 24th July 2020The Central Board of Indirect Taxes and Customs (CBIC) will in a week’s time come out with a notification about implementing e-invoicing, a form of electronically-authenticated invoices, from 1 October only for businesses with turnover of Rs 500 crores or more, a top official said at in ASSOCHAM webinar today.

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Indian spices in great demand in post Covid 19 times; Exports up 34 %: ASSOCHAM

Sunday, 19 July, 2020

New Delhi, July 18, 2020: Prime Minister Mr NarendraModi's observation on increasing use of spices in the world, after outbreak of Coronavirus, is borne out by a huge rise in exports of Indian spices, by 34 per cent in rupee terms and 23 per cent in dollar terms in June this year, an ASSOCHAM dipstick study has shown.

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An ASSOCHAM-IFCCI Interaction with Mr. Piyush Goyal, Hon’ble Minister of Commerce & Industry and Railways, Government of India and Mr. Franck Riester, Minister Delegate for Foreign Trade and Economic Attractiveness attached to the Minister for Europe

Friday, 17 July, 2020

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) and the Indo-French Chamber of Commerce and Industry (IFCCI) co-organized a special interaction with Mr. Piyush Goyal, Hon’ble Minister of Commerce & Industry and Railways, Government of India and Mr. Franck Riester, Minister Delegate for Foreign Trade and Economic Attractiveness attached to the Minister for Europe and Foreign Affairs, Government of France on 17th July, 2020 on the theme “Business continuity between India and France during COVID-19”. The objective of this interaction was to provide a fresh impetus to the robust India - France commercial and economic partnership in times of the COVID-19 pandemic.

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